Auto Components

Company Overview of Samvardhana Motherson International Ltd.

Company Overview

Samvardhana Motherson International Limited designs, manufactures, and sells system solutions for automotive, information technology (IT) hardware, medical equipment, test and measuring equipment, home appliances, white goods, office automation, and electrical and electronic equipment industries in Asia, Europe, and the United States. It offers wiring harnesses; rearview mirrors, blind spot detection systems, side turn indicator lamps, and assist system signal lights; and customized cutting tools, and high precision machined metal components and assemblies. The company also provides plastic components and modules for vehicle interiors, as well as bumpers and front end modules; water purifier...

Samvardhana Motherson International Limited designs, manufactures, and sells system solutions for automotive, information technology (IT) hardware, medical equipment, test and measuring equipment, home appliances, white goods, office automation, and electrical and electronic equipment industries in Asia, Europe, and the United States. It offers wiring harnesses; rearview mirrors, blind spot detection systems, side turn indicator lamps, and assist system signal lights; and customized cutting tools, and high precision machined metal components and assemblies. The company also provides plastic components and modules for vehicle interiors, as well as bumpers and front end modules; water purifiers; and connectors for electrical wiring harnesses. In addition, it offers rubber molded parts, such as rubber and rubber buffers, spring pads, intake manifold gaskets, damper rings, door and firewall grommets, door sealing systems, rubber seals and caps, foot pedals, exhaust hangers, radiator seals, and rubber boots and bellows. Further, the company provides IT services, such as enterprise applications, software development, IT infrastructure, and business process outsourcing services for the automotive industry; and end-to-end engineering and design services for product and tooling design and prototype design. Additionally, it offers HVAC systems/vehicle air conditioning systems; lighting systems, air intake manifolds, and pedal assemblies; cabins for off-highway vehicles; refrigeration systems; and environment management systems, as well as manufacturing support services in the areas of automotive manufacturing engineering, air compressors, paint coating equipment, and auxiliary equipment for injection molding machines. The company was formerly known as Samvardhana Motherson Finance Limited and changed its name to Samvardhana Motherson International Limited in 2012. Samvardhana Motherson International Limited was incorporated in 2004 and is headquartered in Noida, India.

Samvardhana Motherson International Ltd. Key Developments

Samvardhana Motherson Reportedly Plans To Raise $150 Million

Mar 8 13

Samvardhana Motherson International Ltd. (SMIL) has begun talks with private equity funds to raise $150 million to repay debt and to fund expansions, four people with knowledge of the development said. Samvardhana Motherson planned to raise INR 16.65 billion through initial public offering (IPO) in 2012. "The company is in talks with marquee private equity funds to raise around $150 million and is expected to complete the transaction in a quarter," an investment banker with knowledge of the fund raising talks said. "The company is seeking the same valuation as its IPO pricing last year, and getting a private equity fund at that price will be a challenge. However, negotiations are on," said another investment banker privy to the discussions. "The company gets many proposals and discusses /evaluates them with bankers continuously. However, there are no firm plans to raise capital in SMIL," SMIL's spokesperson said.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.